Caution with Google, $480 Support
Be careful with Google (GOOG) if you are currently holding shares, as the stock is right near its $480 strong support line. If the stock falls under this on heavy volume, then I would take my money and run. If you are holding shares going into today a stop at $479 is not a bad idea, likewise placing a limit order to short at $478.50 wouldn’t be a bad play either. Though Google can very well bounce out of this bear flag pattern, caution is still needed here!
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Posted by Blain Reinkensmeyer on December 13, 2006 at 9:20 am --
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